Year-End Menu

The Year-End menu contains commands used to process the Year-End procedure for the General Ledger.

Tip: For information about the sequence of running the Year-End programs, refer to the General Ledger Runbook.

Directions

To open the Year-End menu click Year End from the Menu.
Keyboard shortcut: [ALT] [y]

Note: You may be able to access the General Ledger menu while in another INVISION application. To activate the General Ledger menu in another application, the G/L Application Control must be set up for the application during installation.
The table below describes the available options.

Year-End Menu Items
Move Current Year Balances to History	Copies the balances from the current Chart of Accounts to the history file for the specified fiscal year. Keyboard shortcut: [ALT] [y] [s]
Clear and Close Accounts	Clears revenue and expense accounts to the Clear To Accounts specified for retained earnings. Keyboard shortcut: [ALT] [y] [c]
Year-End Journal Listing	Prints year-end journal entry transactions for the closing period. Keyboard shortcut: [ALT] [y] [p]
Post Closing Entries	Updates the Account Period Balances from the journal entry transactions created by the Clear and Close Accounts routine for the closing period. Keyboard shortcut: [ALT] [y] [l]
Initialize Journal Periods	Clears all transactions for a string of Periods and copies the transactions to history. Keyboard shortcut: [ALT] [y] [i]
Update Master Accounts	Rolls the calculated account ending balances from the closing fiscal year into the beginning balances of the new fiscal year. Keyboard shortcut: [ALT] [y] [u]
Year End Adjustments Menu	Displays the menu for processing adjusting entries. Keyboard shortcut: [ALT] [y] [a]
Adjustments Processing	Enter and post year-end adjusting entries to period 14 and to the General Ledger accounts.
Reset Account Masters	Transfers the GL Accounts from the prior year to the Historical GL Accounts in the current year. Keyboard shortcut: [ALT] [y] [r]